Trump’s China trade war a ‘boon’ for Brazil but sends US farmers reeling

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The story "Trump’s China trade war a ‘boon’ for Brazil but sends US farmers reeling" was covered 2 weeks ago by Financial Times, a news publisher based in United States.

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Financial Times 2w ago

Trump’s China trade war a ‘boon’ for Brazil but sends US farmers reeling - Financial Times

Quick Summary:

After the first trade war, we lost nearly 10 per cent of market share to China that we never regained,” he wrote.

Brazil was a major winner in President Donald Trump’s first trade war with China, dramatically expanding its then-narrow lead over the US as Beijing’s biggest food supplier.

The US and China’s dizzying tariff tit-for-tat has spurred Brazil’s agricultural sector and pummelled American farmers, as Beijing looks to Latin America’s largest economy for a swath of goods from soyabeans to beef.